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The townsite of Walpole is located on the south coast, 423 kilometres south southeast of Perth and 66 kilometres west of Denmark. It derives its name from Walpole Inlet, being located on the shore of the inlet. Walpole Inlet takes its name from the river flowing into it discovered by Captain Thomas Bannister in 1831, and named by Governor Stirling after Captain W Walpole with whom he served on the "Warspite" in 1808.

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